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2/15/2024 |  Xponential Fitness Completes Divestiture of Stride Fitness (SGB UPDATE) Xponential Fitness, Inc. has completed the divestiture of its brand Stride Fitness to Stride Fitness Franchising, Inc., owned by Shaun Grove, the president of Rumble Boxing.
“We continuously evaluate our portfolio of brands to ensure profitable growth, optimize global customer experiences, and drive long-term value creation for our stakeholders,” said Anthony Geisler, CEO of Xponential Fitness, Inc. “We are pleased to transition the Stride brand to an operator with almost a decade of experience owning and operating franchises prior to joining Xponential. After considering the potential alternatives for Stride, we concluded that this transaction was the best option for Xponential and the Stride brand.”
10/25/2023 |  Life Time’s Q3 Profits Surge On 18 Percent Revenue Gain (SGB UPDATE) Profits at Life Time Group Holdings, Inc. rose 43.1 percent on an adjusted basis in the third quarter ended September 30 on a 17.9 percent revenue gain. The high-end fitness club’s sales were at the low end of guidance but earnings topped expectations.
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6/23/2023 |  Lululemon Desperately Wants Out Of Struggling Connected Fitness Space (Front Office Sports)

Despite Lululemon’s recent financial prowess, one of its tech investments from 2020 has reportedly decreased nearly 10 times from its original value.

After purchasing at-home fitness equipment company Mirror for $500 million, Lululemon is now attempting to sell the asset at a $58 million valuation, according to the New York Post.

6/7/2023 |  Dick's Sporting Goods and Nike Show How Sports Change Lives (Morning Consult Sports) New spots star Sabrina Ionescu, Mike Trout and Carmelo Anthony.

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